BTC This is not what a healthy pump looks like. Price started moving up rapidly, while open interest began to decrease. Looking at the liquidations, we can also see that a decent number of shorts were squeezed out of the market during this move. This suggests that the rally was largely driven by short covering rather than new positions entering the market. With spot demand failing to support the move as well, there is a good chance that this pump gets retraced over the next few days.(Max Trades)